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NEWFUNDS COLLECTIVE INVEST SCHEME - NFILBI: Interest Distribution And Re-Investment Announcement For The Month Ended-31 March 2019.

Release Date: 16/04/2019 08:00
Code(s): NFILBI     PDF:  
 
Wrap Text
NFILBI: Interest Distribution And Re-Investment Announcement For The Month Ended-31 March 2019.

NEWFUNDS ILBI EXCHANGE TRADED FUND PORTFOLIO
Share code: NFILBI
ISIN: ZAE000162244

Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary
Limited (Registration Number 2005/034899/07) (“NewFunds”)

INTEREST DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR THE MONTH ENDED
31 MARCH 2019

NewFunds has today finalised a distribution to holders of NewFunds ILBI ETF securities recorded as such
in the register on Friday, 26 April 2019, for the month ended 31 March 2019 as follows:

                                                        NFILBI
 Cents per ETF security, comprising of Interest         14.9430


Investors are advised that the distribution amount will not comprise of any dividends, therefore no
dividend tax will be applicable to the distribution amount.

Holders of the ETF securities should note the following dates in relation to the distribution:
 Declaration and finalisation                             Tuesday, 16 April 2019

 Last day to trade                                        Tuesday, 23 April 2019

 Securities trading ‘ex’ distribution                     Wednesday, 24 April 2019

 Record date                                              Friday, 26 April 2019

 Payment date                                             Monday, 29 April 2019


In accordance with the investment policy of the ETFs, the distribution will be re-invested on behalf of
investors via the purchase by the ETF of additional Constituent Securities, or Index Constituents, (as
defined in the relevant Portfolio Supplement) in the appropriate weightings, thereby increasing the net asset
value of the ETF and, proportionately increasing the value of each ETF security.

Withholding Tax on Interest (WTI) came into effect on 1 March 2015

Interest accruing from a South African source to a non-resident, excluding a controlled foreign company,
will be subject to withholding tax at a rate of 15% on payment, except interest,
- arising on any Government debt instrument
- arising on any listed debt instrument
- arising on any debt owed by a bank or the South African Reserve Bank
- arising from a bill of exchange or letter of credit where goods are imported into South Africa and where an
authorised dealer has certified such on the instrument
- payable by a headquarter company
- accruing to a non-resident natural person who was physically present in South Africa for a period
exceeding 183 days in aggregate, during that year, or carried on a business through a permanent
establishment in South Africa
Investors are advised that to the extent that the distribution amount comprise of any interest, it will
not be subject to WTI by virtue of the fact that it is Government debt, listed debt instruments and/or
bank debt.

Additional information:
                                   Number of securities in issue      Tax reference number
 NFILBI                            900,000                            9398125170

16 April 2019

Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

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